Latin America Biological Safety Testing Products And Services Market Size & Outlook
Latin America biological safety testing products and services market, 2018-2030 (US$M)
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Latin America biological safety testing products and services market highlights
- The Latin America biological safety testing products and services market generated a revenue of USD 318.5 million in 2023.
- The market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Instruments is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 318.5 million |
| Market revenue in 2030 | USD 652.8 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Instruments |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents & kits, Services, Instruments |
| Key market players worldwide | Charles River Laboratories International Inc, BSL-BIOSERVICE Scientific Laboratories GmbH, Merck KGaA, Samsung BioLogics, Sartorius AG, Eurofins Scientific SE, SGS AG, Thermo Fisher Scientific Inc, BioMerieux SA, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.0% of the global biological safety testing products and services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,048.4 million by 2030.
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Biological Safety Testing Products And Services Market Scope
Biological Safety Testing Products And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America biological safety testing products and services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biological safety testing products and services market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 39.94% in 2023. Horizon Databook has segmented the Latin America biological safety testing products and services market based on reagents & kits, services, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Biological safety testing in Latin America in the current market scenario is associated with rising inclination toward testing and diagnostic laboratories. The preference for the aforementioned can be attributed to the clinical urgency for rapid detection of endotoxins and to determine bioburden in research laboratories in this region.
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Target buyers of Latin America biological safety testing products and services market databook
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Our clientele includes a mix of biological safety testing products and services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America biological safety testing products and services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biological safety testing products and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America biological safety testing products and services market size, by country, 2018-2030 (US$M)
Latin America Biological Safety Testing Products And Services Market Outlook Share, 2023 & 2030 (US$M)
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